Market Color, September 17: SushiSwap attack, Head of Product at OpenSea resigns, Avalanche raises $230M in a token sale to institutional investors, & more.
Market Color YouTube
Market Color Podcast
- Coinbase filed an application with the National Futures Association on Wednesday to register as a futures commission merchant.
- Yesterday the El Salvador bond spreads to U.S. Treasuries hit a record high. This is leading to investors fearing that El Salvador will not reach a potential $1Billion loan agreement with the IMF and would then face negative credit implications linked to its use of bitcoin.
- Head of product at NFT marketplace OpenSea Nate Chastain, has resigned following allegations of insider trading.
- Tether has released a statement saying that it doesn’t hold any commercial paper issued by the Chinese real estate giant Evergrande.
- Binance CEO has acknowledged in a TV interview that Binance’s global, decentralized operation with no headquarters does not go down well with regulators.
- A NFT auction on the MISO token launchpad built on SushiSwap has been exploited, with the attacker making off with roughly $3 million in ether, SushiSwap CTO tweeted on Thursday “an anonymous contractor injected malicious code into Miso’s front-end in a supply chain attack.”
- Skybridge is planning to launch a new ETF according to the filing before the SEC. The new fund is called the ‘First Trust SkyBridge Crypto Industry and Digital Economy ETF’.
- Avalanche has raised $230 million in a token sale to institutional investors, led by Polychain and Three Arrows Capital.
- SkyBridge announced at the SALT conference that they have raised more than $100 million toward the newly announced Algorand fund.
- Abra has raised $55 million in Series C funding to develop new offerings geared toward high-net-worth and institutional clients.
- Franklin Templeton, who currently has $1.5 trillion in assets under management, is seeking to raise $20 million for what appears to be the investment firm’s first blockchain venture capital fund.
- Greenidge Generation Holdings said it will buy 10,000 crypto mining machines for its planned new facility in South Carolina.
- The Southeast Asian nation of Laos changed its official policy authorizing six companies to trade and mine Bitcoin in a trial run while the government begins to draft regulations about its use.
Research, reports, and market insights from the experts
Sign up for daily reports on trends in the markets, bespoke reports and research, webinars with pros, and more.